Legend Power(R) Appoints Paul Moffat as Chief Operating Officer

Rhea-AI Summary

Legend Power Systems Inc. (OTCQB:LPSIF) announces the appointment of Paul Moffat as Chief Operating Officer, effective February 14, 2022. Moffat brings over 20 years of experience in various industries including manufacturing and telecommunications, having held senior roles at Cadex Electronics and Blackberry. CEO Randy Buchamer expressed confidence in Moffat's ability to drive business profitability and growth. Legend Power specializes in intelligent energy management systems that enhance building energy efficiency and support corporate sustainability.

Positive

• Appointment of Paul Moffat is expected to strengthen leadership.
• Moffat's extensive experience may enhance business profitability.

Negative

• Potential concerns about continuity due to management change.
• Experience gaps in the new leadership team may pose risks.

VANCOUVER, BC / ACCESSWIRE / February 8, 2022 / Legend Power® Systems Inc. (TSX.V:LPS)(OTCQB:LPSIF) ("Legend Power" or the "Company") a global leader in commercial electrical system solutions, is pleased to announce the appointment of Paul Moffat as Chief Operating Officer effective February 14, 2022.

Mr. Moffat is a seasoned executive with a strong background in customer relations, manufacturing, operations, supply chain, finance, procurement and engineering supported by over 20 years of experience in the manufacturing, telecommunications, telematics, semiconductor and banking industries. Mr. Moffat has previously held senior management roles with Cadex Electronics, Celestica, Shaw Communications, and Blackberry. Mr. Moffat holds a Bachelors of Science in Mechanical Engineering and Management Sciences from the University of Waterloo.

Randy Buchamer, CEO and President said, "after a thorough search process, I am very pleased to welcome Paul to the Company. His success in leading teams in the achievement of results focused in business profitability provides a key element for Legend Power to achieve its growth objectives. I have no doubt, Paul's innovative, energetic and proven ability to develop, implement and grow young organizations will positively impact all areas of the Company and members of our team."

About Legend Power® Systems Inc.

Legend Power® Systems Inc. (www.legendpower.com) provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance. Legend Power's proven solutions support proactive executive decision-making in a complex and volatile business and energy environment. The proprietary and patented system reduces total energy consumption and power costs, while also maximizing the life of electrical equipment. Legend Power's unique solution is also a key contributor to both corporate sustainability efforts and the meeting of utility energy efficiency targets.

For further information, please contact:

Sean Peasgood, Investor Relations
+ 1 647 503 1054
sean@sophiccapital.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This Press Release may contain statements which constitute "forward-looking information", including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results to not be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements other than as may be required by applicable law.

SOURCE: Legend Power Systems Inc.

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FAQ

Who is Paul Moffat and what is his role at Legend Power?

Paul Moffat has been appointed as Chief Operating Officer of Legend Power, effective February 14, 2022. He brings over 20 years of experience in customer relations and operations.

What impact will Paul Moffat's appointment have on Legend Power Systems?

His leadership is expected to bolster business profitability and support the company's growth objectives, as highlighted by CEO Randy Buchamer.

When was Paul Moffat appointed COO of Legend Power?

Paul Moffat was appointed Chief Operating Officer effective February 14, 2022.

What industries has Paul Moffat worked in before joining Legend Power?

Paul Moffat has experience in manufacturing, telecommunications, telematics, semiconductor, and banking industries.